What would be the value of the couples savings

Assignment Help Econometrics
Reference no: EM13236529

A couple starts saving for their retirement by putting $1000 at the end of this year and increasing the savings by 5% each year. If the savings earn 6% annual interest, what would be the value of their savings at the end of 30 years?

if the savings earn 5% annual interest rate, what would be the value of the couple's savings at the end of 30 years?

Reference no: EM13236529

Questions Cloud

Find the confidence interval for the difference : Find the confidence interval for the difference of the two means - Is there a significant difference in teacher's salaries between two states
Explain the ph of an acid solution and the acid ka : When comparing solutions of equal concentration, what is the relationship between the PH of an acid solution and the acid Ka
Identify the country and mode of entry : identify the company of choice that will seek an expansion opportunity to an oversee area of choice. Be sure to identify the country and mode of entry.
Characteristics of being a unique nation or chosen people : According to the Hebrews, the characteristics of being a unique nation or a "chosen people" included all of the following EXCEPT
What would be the value of the couples savings : A couple starts saving for their retirement by putting $1000 at the end of this year and increasing the savings by 5% each year. If the savings earn 6% annual interest, what would be the value of their savings at the end of 30 years?
What is the frequency of string : You have a string with a mass of 0.0125 kg. You stretch the string with a force of 9.75 N, What is the wavelength of the standing wave you create in the string and What is the frequency
What would be value of the savings at the end of 30 years : A couple starts saving for their retirement by putting $1000 at the end of this year and increasing the savings by 5% each year. If the savings earn 6% annual interest, what would be the value of their savings at the end of 30 years
What steps are needed in order to have a successful model : how can a simulation be utilized to test ideas while keeping costs manageable? If a simulation is used, what steps are needed in order to have a successful model?
Compute the ph of the buffer and the ka value of lactic acid : A lactic acid/lactate ion buffer solution contains 0.29 M HC3H5O3- and 0.80 , respectively. The Ka value of lactic acid is 1.4x10^-4. Calculate the pH of the buffer.

Reviews

Write a Review

Econometrics Questions & Answers

  How to collect data on the customers shopping behavior

Do you believe it is proper for businesses such as internet service providers to collect data on their customers shopping behavior and personal profiles Under what situations, if any, is it proper or improper  Should all companies collecting custo..

  Calculate how many people show up

Suppose you own a movie theater and most of your costs (the band, security, the land rental, etc.) are independent of how many people show up. What is likely to be the point elasticity of demand at the price you decide to charge

  What amount would the two transactions added

Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $80,000. The retailer, in turn, brings in $125,000 from selling the bulbs directly to final customers. What amount would these two transactions added..

  Determine profit-maximizing price and level of production

You are the manager of a monopolistically competitive firm, and your demand and cost functions are given by Q = 36 - 4P and C(Q) = 124 - 16Q + Q2 a. Find the inverse demand function for your firm's product. b. Determine the profit-maximizing price ..

  What do you make of the large negative intercept estimate

Does the small R-squared in part (i) imply that spending is correlated with other factors affecting math10? Explain. Would you expect the R-squared to be much higher if expenditures were randomly assigned to schools-that is, independent of other s..

  How much is the quarterly deposit

A mining firm must deposit funds in a "reclimation" account each quarter. The account must have $25 million on deposit when a project reaches its horizon in 10 years. The account pays interest at a rate of 2% percent per quarter. How much is the q..

  By what percentage did gdp decline in the fourth quarter

According to the News on page 162 : Economy: Sharpest Decline in 26 Years The U.S. economy suffered its biggest slowdown in 26 years in the last three months of 2008, according to the government's first reading about the fourth quarter released Fr..

  Calculate the size of the endowment

junstin.Ting Corporation wants to establish a scholarship in the company's name at a university. The firm wants the scholarship to provide a quarterly award of $4500. The university's scholarship foundation will invest the endowment in a fund that..

  Multicollinearity impact om regression analysis

Multicollinearity refers to existence of correlation among the independent variables in a multiple regression model. Explain how multicollinearity can impact your regression analysis.

  What is the expected price of oil in 2053

Assume oil is an exhaustible resource supplied competitively by many small suppliers. The interest rate is 5% per year. Assume the price in the year 2011 is $40 per barrel, extraction costs are $10 per barrel, constant over time in nominal terms.

  Fiind a use that will yeild a desirable return on investment

The owner of a corner lot wants to fiind a use that will yeild a desirable return on his investment. After much study and calculation, the ower decides that the two best alternatives are to "build gas station" or to "build soft ice cream stand".

  How to determine present worth for benefit and cost

The benefits associated with a nuclear power plant cooling water filtration project located on the Ohio River are $10,000 per year forever starting in year 1. The costs are $50,000 in year 0 and $50,000 in year 2. What is the B/C ratio at i=10% pe..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd